18 July 2013
it is compulsory to show FD interest as a income during income tax return .eg FD deposit date 12.04.2012 & maturity date 05.08.2013 if yes in which year i take as a income
18 July 2013
It is better to consider FD interest on accrual basis. In the above case interest from 12.04.2012 to 31.03.2013 has to be calculated. . You may obtain Interest Certificate also from the Bank. . In case of TDS, it is easier to claim the credit. .